Weekly data sheet: Private equity firms put Lisbon offices up for sale

Two buildings in prime locations will test the depth of investor interest in the Portuguese capital.

US private equity firm Cerberus has put the current HQ of Portuguese insurer Fidelidade on the market. The traditional building is in a central location and is a value add opportunity with potential for conversion to a hotel.

In the north of the capital, at Parque das Nacoes, Aermont is selling 30,000 m2 Lumnia, the largest of three prime new buildings in the opportunistic investor’s Exeo campus development, and the last to be sold.

The most sizeable newly completed investment deal this week is a UK pension fund’s £200 mln forward funding of the biggest BTR residential project in the UK outside London.

In the debt market, UK investor Grosvenor announced a modest, £150 mln US private placement with a 3.23% coupon. Although the finance has just been drawn, the terms and pricing were agreed last May.

Two investment managers launched funds aimed at decarbonising buildings.

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